Modi Uses Sydney Event to Bolster Image After Poll Loss at Home
Thousands of expatriate Indians have begun thronging Australia’s largest entertainment and sporting arena in Sydney to welcome Indian
2023-05-23 11:56
China Buys More Australian Coal as Appetite for Quality Builds
Australian coal continues to make inroads among Chinese buyers, adding to pressure on domestic prices, with new shipments
2023-05-23 11:16
Vedanta Extends Record Dividend Spree With $830 Million Bonanza
Vedanta Ltd. will award a dividend of 68.8 billion rupee ($830 million), the first payout in the fiscal
2023-05-23 10:45
China’s SPIC in Advanced Talks to Buy I Squared’s Inkia
Chinese energy giant State Power Investment Corp. is in advanced talks to buy Latin American power producer Inkia
2023-05-23 09:19
Biden ‘optimistic’ as McCarthy arrives for last-ditch debt talks
President Joe Biden on Monday said he was “optimistic” about the chances of finding an agreement with the Republican-led House of Representatives that would avoid a catastrophic default on America’s sovereign debt. Speaking at the outset of a crucial meeting with House Speaker Kevin McCarthy, Mr Biden said the source of his optimism was a shared agreement between the two men that a debt default is “off the table”. Mr Biden also said the consequences that would arise should the US fail to meet its’ outstanding debt obligations would be “a kick in the ... economic well-being” for the American people. The negotiating session between the president and House speaker comes with just ten days remaining before the US Treasury is set to lose the ability to pay its’ bills by issuing new bonds. In a letter to Congress, Treasury Secretary Janet Yellen said on Monday that “it is highly likely” that the Treasury would run out of operating funds in the event that Congress does not raise the department’s statutory debt limit. A default on America’s sovereign debt would be a financial catastrophe both for Americans and people around the world who rely on US financial stability. Mr Biden said he and Mr McCarthy “talked about the need for bipartisan agreement” and stressed that he was “optimistic” that he and Mr McCarthy were “going to make some progress” during the Monday evening session. For his part, the House Speaker said he and Mr Biden had a “very productive” conversation during a phone call held on Sunday while Mr Biden was returning to Washington from the G7 summit aboard Air Force One. Earlier in the day, Mr McCarthy told reporters at the Capitol that “decisions have to start being made” on spending for the next fiscal year since “we’re 10 days out” from the debt ceiling deadline. “We have to spend less next year than we spent this year,” he said before pointing to the House’s proposal for spending cuts as the “framework” for a deal. “I’m hopeful,” he added. Read More Watch live: Biden and McCarthy meet to discuss US debt ceiling Who is Tim Scott? 5 things to know about the newest 2024 GOP presidential candidate A timeline of Donald Trump’s rivalry with Ron DeSantis
2023-05-23 06:59
Asia Stock Futures Edge Up in Shadow of Debt Talks: Markets Wrap
Asian equity futures showed small gains while contracts for US benchmarks inched higher as investors awaited word from
2023-05-23 06:25
Fact Check: Sen. Tim Scott's presidential announcement speech
Sen. Tim Scott announced he's running for the Republican nomination for president on Monday, setting up a challenge to former President Donald Trump, the current frontrunner.
2023-05-23 06:24
TikTok Sues Montana to Block First Statewide Ban of App
TikTok Inc. sued Montana over the first statewide ban of the popular app, saying the state has trampled
2023-05-23 05:26
Debt ceiling deal: The sticking points holding things up
President Biden and US lawmakers are trying to hash out a deal ahead of a 1 June debt ceiling deadline.
2023-05-23 05:17
South Korea consumer sentiment hits 1-year high, inflation expectations weaken
SEOUL Consumer sentiment in South Korea improved in May to the highest level in a year, with their
2023-05-23 05:15
JPMorgan commercial bank expands startup focus with new hires
By Nupur Anand and Lananh Nguyen NEW YORK JPMorgan Chase & Co is beefing up its commercial banking
2023-05-23 02:48
Mexico’s Foreign Investment Surges 48% as Nearshoring Booms
Mexico’s foreign direct investment rose 48% in the first quarter from regular flows recorded during the same time
2023-05-23 01:53